Pareto Securities goes live with Broadridge’s OMS for low and high touch agency trading

Rick Steves

The solution combines order management, market connectivity and smart order router (SOR) components developed by Itiviti, which was acquired by Broadridge last year in a $2.5 billion deal.

Pareto Securities has gone live with Itiviti’s multi-asset order management solution (OMS) from Broadridge Financial Solutions in order to achieve greater client connectivity and low and high touch agency trading.

The Nordic investment bank replaced a 10-year incumbent technology provider at the core of its business with Broadridge’s solution with expectations of maintained business continuity, completeness of offering, platform evolution capabilities and service quality.

Kristian O. Stenbakk, Chief Operating Officer at Pareto Securities, said: “Finding a replacement that could handle our current workflow requirements, but also take us to the next level in trading capabilities and customer support was mission critical for us. After a considerate search and evaluation, we selected Broadridge because of its ease-of-use, robust trading functionalities, flexible, modular architecture, and most importantly, the personal attention its team provided to us throughout the selection and onboarding process.”

Ray Tierney, President of Itiviti, a Broadridge business, added: “We are excited to have Pareto Security leverage the modularity of our platform and experience the automation, speed and performance that we provide. We offer a high level of flexibility for client connectivity, customization and managed services, and we are committed to providing our customers with proven, state-of-the-art trading technology that will keep them ahead of the curve now and into the future.”

The solution combines order management, market connectivity and smart order router (SOR) components developed by Itiviti, which was acquired by Broadridge last year in a $2.5 billion deal.

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Dipti Kachru, Itiviti, and Tookitaki

In late 2021, Broadridge Financial Solutions appointed Dipti Kachru as Global Chief Marketing Officer, based in New York and reporting to President Chris Perry.

The Global CMO will be responsible for brand and digital strategy, product positioning, lead generation, and thought leadership, all aspects of Broadridge’s global marketing organization.

Broadridge is one of the largest fintech firms in the world and  offers direct access to the Itiviti NYFIX Matching’s automated trade allocation, confirmation, and affirmation capabilities with a solution that is multi-asset, global, and fully hosted.

This is all possible since completing the acquisition of Itiviti, the provider of cross-asset trading solutions covering the full trade lifecycle, in a $2.5 billion deal.

In October, the fintech partnered with Tookitaki to launch its Anti-Money Laundering Solution (AMLS), an ML-based AML platform that global financial institutions can use to substantially decrease false alerts and realize productivity gains while improving risk mitigation.

The Broadridge AMLS is designed for firms and institutions looking to enhance their anti-money laundering surveillance to detect illicit money flows and bad actors.

The AML product is powered by machine-learning techniques like AutoML, federated learning, and network science to accurately detect complex money laundering activities and triage legacy system alerts through a Smart Alert Management system to accurately prioritize alerts for either rapid dispositions or increased due diligence.

The Broadridge new solution complements the existing Intelligent Automation suite by covering transaction monitoring, name screening, alert prioritization, and customer risk scoring.

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